#1Lithium hydroxide LIOH LITHIUM IONIC Near-Term Lithium Producer in Brazil's “Lithium Valley" Advancing a long-life, low-cost project with near-term production of high-quality lithium concentrate to support the global EV and battery supply chains. TSX.V: LTH OTCQX: LTHCF FSE: H3N INVESTOR PRESENTATION - MAY 2024 +Li- H#2CAUTIONARY NOTES This presentation contains, or incorporates by reference, "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information may include, but is not limited to, statements with respect to the future performance of Lithium Ionic Corp. ("Lithium Ionic" or the "Company"), Lithium Ionic mineral properties, the future price of lithium and other metals, the mineralization of the Company's properties, results of exploration activities and studies, the realization of mineral resource and mineral reserve estimates, exploration activities, costs and timing of the development of new deposits, the results of future exploration and drilling, the results of environmental studies, management's skill and knowledge with respect to the exploration and development of mining properties in Brazil, the Company's ability to raise adequate financing; the Company's ability to obtain the requisite permits and approvals, the economic viability of its mining projects, government regulation of mining operations and exploration operations, timing and receipt of approvals and licenses under mineral legislation, the Company's local partners, and environmental risks and title disputes. In certain cases, forward looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Lithium Ionic to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks associated with the Company's dependence on the Bandeira property; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; risks associated with dependence on key members of management; currency fluctuations (particularly in respect of the Canadian dollar, the United States dollar, the Brazilian reais and the rate at which each may be exchanged for the others); uncertainty in the estimation of mineral resources and mineral reserves, exploration and development risks; infrastructure risks; inflation risks; defects and adverse claims in the title to the projects; accidents, political instability, insurrection or war; labour and employment risks; changes in government regulations and policies, including laws governing development, production, taxes, royalty payments, labour standards and occupational health, safety, toxic substances, resource exploitation and other matters; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; insufficient insurance coverage; the risk that dividends may never be declared; and liquidity and financing risks related to the global economic crisis. Although Lithium Ionic has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements due to the inherent uncertainty therein. Information in this presentation relating to other companies are from their sources believed to be reliable but that have not been independently verified by the Company. Unless otherwise indicated, the scientific and technical information in this presentation has been reviewed and approved by Carlos Costa, Vice President of Exploration for Lithium Ionic, who is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators ("NI 43-101"). The mineral resource estimate for Outro Lado was prepared by Maxime Dupere, P.Geo., M.Sc., and Faisal Sayeed, P.Geo of SGS, each a Qualified Person as defined by NI 43-101, with an effective date of June 24, 2023. The supporting Technical Report can be found on SEDAR+ under the Company's issuer profile and on the Company's website (www.lithiumionic.com). The mineral resource estimate and preliminary economic assessment for Bandeira was prepared by Carlos José Evangelista Silva (MAIG Membership Number 7868), and Guilherme Gomides Ferreira (MAIG Membership Number: 7586), each from GE21 and a Qualified Person as defined by NI 43-101. DISCLOSURE FOR U.S. INVESTORS: The securities described herein have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws. Accordingly, the securities described herein will not be offered or sold in the United States except in reliance on exemptions from registration provided under the U.S. Securities Act and the rules thereunder. Securities may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an exemption from such registration. Under no circumstances is this presentation or the information contained herein to be construed as a prospectus, offering memorandum or advertisement, and neither any part of this written or oral presentation nor any information or statement contained herein or therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation should not be construed as legal, financial or tax advice to any investor, as each investor's circumstances are different. Readers should consult with their own professional advisors regarding their particular circumstances. There are certain risks inherent in an investment in the securities of the Company that prospective investors should carefully consider before investing in the securities of the Company. 8 || 2#3LITHIUM IONIC WHY LITHIUM IONIC? MINING-FRIENDLY JURISDICTION INFRASTRUCTURE ADVANTAGE Hydroelectric Grid +300 Mines in Minas Gerais Power PEA RESULTS: LOW CAPITAL & HIGH ROR US$1.6B NPV Near-term production of high-quality lithium concentrate to support the global EV and battery supply chains. 11 BRAZIL ATLANTIC OCEAN 3rd Minas Gerais is the 3rd largest economy in Brazil Nearby Ports <300km away 121% IRR Paved Roads High-quality transport infrastructure Water Local Sustainable Access HIGHLY SCALABLE 20 years Mine Life $233M CAPEX 218ktpa LOM Production ESTABLISHED LITHIUM-PRODUCING DISTRICT Successful Regional Proof-of-Concept CBL Cachoeira Lithium Mine <500m COMPANIA BRASILEIRA DE LING 3 LITHIUM IONIC Bandeira Lithium Project Grota do SIGMA <4km Cirilo Mine LITHIUM 60.1Mt Global Mineral Resources NI 43-101 Lithium Deposits in the "Lithium Valley" 14,182 ha Properties remain largely unexplored NEAR-TERM PRODUCTION Construction permits for Bandeira expected in: Mid 2024 || 3#4BRAZIL Lithium ore Properties Belo Horizonte MINAS GERAIS Port of Vitória PROLIFIC LITHIUM DISTRICT Port of Ilhéus A REGION THAT IS EMERGING AS A GLOBALLY SIGNIFICANT HARD-ROCK LITHIUM-PRODUCING DISTRICT Minas Gerais ("General Mining"): A traditional mining jurisdiction with a highly efficient and expeditious permitting process EUROPE USA CHINA SIGNIFICANT EFFORT BY GOVERNMENT TO REDUCE BUREAUCRACY IN THE MINING SECTOR Unrestricted Trade: In July 2022, Brazil issued a presidential decree allowing unrestricted trade of any products containing lithium Launch of "Lithium Valley Brazil❞ in May 2023: Initiative launched by the state government of Minas Gerais and other municipal government agencies aimed at streamlining and facilitating lithium development and production to position it as a key global player in the lithium supply chain. ATLANTIC OCEAN 8 || 4#5EASTERN BRAZILIAN PEGMATITE PROVINCE (EBPP) ☐ ☐ The EBPP spans 150,000 km² and is one of the world's largest geological belts of granitic pegmatites hosting high-quality lithium-bearing spodumene and petalite. In the last 100 years, this area has produced most of the world's supply of gem crystals and cut gemstones. SALINAS MINAS GERAIS ARAÇUAÍ BELO HORIZONTE 250 500 km SALINAS ITINGA PROPERTIES SALINAS PROPERTIES Our ITINGA and SALINAS lithium properties cover 14,182 hectares in NE Minas Gerais, in a district that is quickly emerging as a world- class hard-rock lithium district. ARAÇUAÍ 0 10 20 km Lithium Ionic Properties 15#6INFRASTRUCTURE Favourable mining and transport infrastructure, hydroelectric power, water and easy access to foreign markets via nearby port access. SALINAS (-40,000ppl) HYDROELECTRIC POWER & NEARBY POWERLINES Irapé Dam (360MW), Minas Gerais Salinas SALINAS (~40,000ppl) 4h PAVED DRIVE TO PORT VITÓRIA ARAÇUAÍ (~34,000ppl) 10 10 20 km POWERLINES ARAÇUAÍ (~34,000ppl) ROADS 6#7REGIONAL PROOF-OF-CONCEPT PRODUCER CBL COMPANHIA BRASILEIRA DE LÍTIO PRODUCER SIGMA " LITHIUM EMERGING PRODUCER CACHOEIRA LITHIUM MINE ☐ Private Brazilian company ■ Producing lithium since 1991 1° LITHIUM IONIC ■ GROTA DO CIRILO PROJECT ■ World's 4th largest lithium operation 1st production achieved in April 2023 " BANDEIRA PROJECT Feasibility Study expected in May 2024 Construction permits expected mid-2024 ITINGA PROPERTIES Lithium Ionic Mineralized Pegmatites Soil Anomalies Powerlines Access Road 0 5 km 17#8CBL COMPANHIA BRASILEIRA DE LITIO CBL Mine (in production since 1991) 800m LITHIUM IONIC BANDEIRA Drilling Site 8#9CAPITAL STRUCTURE Common Shares Outstanding* Options Warrants Market Capitalization 52-week High/Low Share Price (04/30/24) 138,185,554 11,507,000 3,384,906 ~C$100M C$3.05/C$0.69 C$0.74 Cash & Cash Equivalents (Q4 2023 ending Dec. 31, 2023) ~$11.2M ANALYST COVERAGE: SHAREHOLDER DISTRIBUTION 20% Management & Insiders 138M 50% shares outstanding Retail & Other 30% Institutional CLARUS SECURITIES INC. BMOM STIFEL GMP cg/ Canaccord Genuity Desjardins Varun Arora Greg Jones Cole McGill Katie Lachapelle Frederic Tremblay TOP INSTITUTIONAL SHAREHOLDERS WARATAH 1832 ASSET MANAGEMENT.IM JGP Global Asset Management RBC Scotia Global Asset Management. Sprott U.S. Global Investors FOURTH SAIL -CAPITAL- Konwave AG Hii | 9#10EXECUTIVE LEADERSHIP TEAM Blake Hylands CEO, Director Professional Geoscientist with 13 years of international experience in advanced and early-stage exploration (gold, base metals, iron ore). Co- founder of Troilus Gold where he led the technical team to the discovery of +8Moz AuEq gold in Quebec. Extensive capital markets, corporate development and community relations experience. Helio Diniz President, Director +40 years of experience in the mining sector. Former Managing Director Brazil for Xstrata (Glencore) where he discovered the Araguaia Nickel Deposit (+100Mt, 1.5% Ni). Began his career with GENCOR South Africa: Sao Bento gold mine, Brazil (AngloGold Ashanti). Founder of Falcon Metais and HDX Consultoria to identify/explore and develop mining opportunities in Brazil. Founded and developed several companies for the F&M Group, incl: Brazil Potash (current Managing Director), Aguia Metais (potash), Belo Sun (gold) and Irati (oil shale). Paulo Misk COO Mining engineer with +38 years of experience in the operational management of several multinational mining companies. He held several executive and operational roles at Largo Inc. (2014-2023), including President & COO, and CEO & director where he led the production commissioning and operations of its Maracás Menchen Mine, and led several expansion projects, including the company's battery business. Former Head of Niobium and Phosphate Operations at Anglo American. 10 years at AMG, most recently as Operational Director where he was responsible for the Tantalum and Niobium division and overall mining activities in Brazil, including the development of its Mibra lithium mine located in MG State. Mike Westendorf VP Technical Services Professional engineer with over 15 years of diversified experience in mining operations, capital projects, engineering, and corporate development. Most recently acted as Director of Operational Excellence for Copper Mountain Mining Corp. (now Hudbay Minerals), where he led initiatives to improve production, execute capital upgrades, and reduce costs at the Copper Mountain Mine, Canada. Here, he also acted as Production Manager, overseeing the development of their Eva Copper Project in Australia, and Director of Metallurgy, supporting resource expansions and development. Tom Olesinski CFO +25 years of finance and executive management experience. Former forensic accountant for BDO Dunwoody. Former Director of Finance and Operations for Cossette Communication Group, CEO and CFO at Havas Media Canada, and COO and CFO for Brainrider. Current board member of Troilus Gold Corp. Carlos Costa VP Exploration ~40 years of experience; 29 yrs in base metals, gold and PGE exploration throughout Brazil. Managed several exploration programs, from regional grassroots to bankable feasibility studies. 10 yrs experience in mine geology, including underground and open pit operations. Former Country Manager Brazil for Emerita; Led exploration programs for Belo Sun, Xstrata, Falconbridge; with experience at Vale and BP Mineração (British Petroleum Group). André Guimarães VP Corp. Development PhD Geology graduate specializing in igneous petrology with +10 years of experience in research. Founder of Neolit Minerals (2020), where he has been directly involved in all corporate and exploration activities, including analyses and interpretation of geological data, particularly geochemical results, field work and contract negotiations. Former archaeologist who was involved in rescue archaeology projects associated with the development of mining sites in Brazil. Damian Lopez Corporate Secretary Corporate securities lawyer with +15 years experience working as a legal consultant to various TSX and TSXV listed companies. Previously worked as a securities and merger & acquisitions lawyer at a large Toronto corporate legal firm, where he worked on a variety of corporate and commercial transactions. DIRECTORS Broad experience in mining and other industries Blake Hylands Patrizia Ferrarese Helio Diniz Michael Shuh David Gower Juliana Sprott Lawrence Guy lan Pritchard 10#11MINERAL RESOURCES BANDEIRA 60.1Mt (1,900kt LCE) GLOBAL MINERAL RESOURCES M&I: 23.68Mt grading 1.34% Li₂O (785kt LCE) Inferred: 18.25Mt grading 1.37% Li₂O (618kt LCE) Underground; 0.5% Li20 cut-off M&I: SALINAS 5.86Mt grading 1.09% Li₂O (159kt LCE) Inferred: 8.90Mt grading 0.97% Li₂O (215kt LCE) OP+UG; 0.5% Li20 cut-off OUTRO LADO M&I: 2.97Mt grading 1.46% Li₂O (108kt LCE) Inferred: 0.42Mt grading 1.48% Li₂O (15kt LCE) Underground; 0.8% Li20 cut-off *See Appendix for details related to the MRE. Bandeira MRE: see press release dated April 12, 2024; Salinas MRE: See press release dated April 4, 2024; Outro Lado MRE: See press release dated June 27, 2023 SALINAS D ARAÇUAÍ 10 20 km Lithium Ionic Properties 11#12BANDEIRA PEA HIGHLIGHTS Small footprint underground mine producing high-quality, low-cost lithium concentrate 217,700tpa LOM ANNUAL PRODUCTION 5.5% Li₂O ("SC5.5") equivalent ANNUAL 1.3Mtpa THROUGHPUT 20-YEAR MINE LIFE $345/t OPEX 1st quartile in the global lithium industry $233M CAPEX Including 25% contingency MATZES See PEA results press release dated October 19, 2023. The PEA is based on the Bandeira mineral resource estimate announced on Oct. 19, 2023 PROJECT ECONOMICS $1,859/t Spodumene Concentrate, 5.5% $1.6B POST-TAX NPV 121% POST-TAX IRR 14-month PAYBACK $243 million Pre-Tax Free Cash Flow 12#13CAPEX & OPEX CAPEX OPEX Mine (Development + Equipment + Pre-Production) $72.5M Plant $80.5M Mining $258/t Environmental $2.9M Processing Tailings Handling $68/t Engineering $20.0M SG&A $23/t Infrastructure & Others $10.3M Total $349/t Contingency (25%) $46.6M Total $232.8M Transportation costs to customer $120/t destination $349/t SC5.5 ■ Mining ■Processing + Tailings Handling ■ SG&A $233 MILLION ■ Mine ■ Plant ■ Environmental Engineering ■Infrastructure ■Contingency 8 13#14SITE LAYOUT ■ Simple processing circuit with minimal land-use footprint Low-cost and simple DMS (Dense Media Separation) operation Power Substation Central Office & Restaurant Entrance & Scale Water Concentration Collection Plant Crushing Circuit Rod Room Office & Plant Support Facilities Concentrate Sentry-Box Accessory Storage m Underground Mine - Ramps Emulsion Tank Raiser d Pile Waste Pile 1 Office & Operational Support Facilities Mine Workshop Tailing Stockpile Fine Tailing Stockpile Fines Stockpile Water Pond Mine Entrance 1 Mine Entrance 2 Waste Pile 2 Waste Pile 3 Waste Pile 4 200 400m 39200 189400 189600 189800 190,000 190200 190400 190,600 190,800 191,000 14 191200#15☐ ☐ BLUEPRINT NEXT DOOR: SIGMA LITHIUM CORP. Sigma is the world's 4th largest lithium operation and the largest hard rock lithium deposit in the Americas Rapid Scale Expansion Bandeira is located within ~4km - Bandeira covers only 1% its largely unexplored 14,182ha land package Strong potential to repeat and improve on Sigma's fast permitting timeline Maiden Resource to Permit: 18 months - Maiden Resource to Production: 5 years Sigma's current market cap of ~US$1.6B provides compelling valuation goal post EXPEDITIOUS PERMITTING PROCESS IN MINAS GERAIS $50 $40 $30 $20 $10 $0 2018/05 2018/09 2019/01 2019/05 2019/09 Q4 2019: Feasibility Study 2020/01 Q1 2018: Maiden MRE Xuxa: M&I: 12.9Mt @ 1.56% Li20 ~18 months Q2 2019: Resource to Permit Environmental licenses obtained for construction/installation of Li plant 2020/05 2020/09 2021/01 Q2 2021: Q4 2022: Phase 1 Production Plant Complete PEA doubles capacity 2021/05 2021/09 2022/01 2022/05 2022/09 Maiden Resource to Production -5 yrs 2023/01 NASDAQ: SGML April. 4, 2023: ~$14/sh Market Cap: -US$1.6 billion Q2 2023: 1st production 8 || 15#16HARD ROCK LITHIUM PEER BENCHMARKING LTH STRONG RE-RATING POTENTIAL WITH SIGMA AS PRIMARY COMPARABLE LOCATED WITHIN SAME LITHIUM BASIN IN BRAZIL EV/ Resource (C$/t LCE) Market Cap (C$M) Explorers Developers Emerging Producers Lithium Ionic Re-Rating Potential $1,467 $895 $909 $331 $391 $432 NA $51 $89 $170 $210 $260 $265 $195 $252 $280 Lithium Ionic Re-Rating Potential $2,388 $1,328 $404 $430 $220 $201 $318 $270 $602 $764 $896 $122 $362 $664 $5,301 $4,273 Company Atlas Patriot Leo Frontier Lithium Ionic Project Name Minas Gerais CV5 Goulamina PAK Bandeira Global Lithium Marble, Manna Atlantic Rock Tech Latin Resources AVZ Sayona Piedmont Critical Core Liontown Sigma Ewoyaa Georgia, Guben Salinas Manono Multiple Multiple Rose Finniss Kathleen GDC Ent. Value (C$M) $405 $1,271 $365 $193 $170 $265 $256 Location Brazil Quebec Mali Ontario Brazil Australia Ghana Туре SC SC SC SC, Int. SC SC SC $88 Ontario, Germany SC, Conv. $578 $2,386 $696 $761 $331 $549 $5,129 $4,259 Brazil DRC (Congo) Quebec USA, Ghana Quebec Australia Australia Brazil SC SC SC SC, Int. SC SC SC SC Resource (LCE Kt) NA 3,835 7,161 2,165 998 1,258 986 331 1,477 12,265 2,764 2,723 766 613 5,643 2,904 Grade (Li20 %) NA 1.42% 1.37% 1.50% 1.38% 1.00% 1.24% 0.90% 1.32% 1.65% 1.16% 1.13% 0.91% 1.31% 1.34% 1.43% Full-Run Annual NA NA 123 Production (Ktpa LCE) 23 23 30 33 33 52 15 83 104 38 91 29 24 98 2 37 (Ph1); 104 (Ph1+2+3) Opex (US$/t SPO) NA NA $213 $399 $349 $638 $622 $669 $379 $211 $304 $421 $484 $352 $319 $290 Post-Tax NPV8% NA NA $2,900 $1,739 $1,600 $1,960 $1,498 $146 $2,520 $1,028 $164 $2,041 $1,915 $119 $3,066 $15,289 (US$M) Post-Tax IRR (%) NA NA 83% 24% 122% 103% 105% 36% 132% 33% 34% 27% 82% 47% 57% 1,273% Source: Company disclosures, Refinitiv, market data as of Oct 17, 2023 Notes: Project economics based on most recently published technical studies. Global Lithium based on Manna Scoping Study, Piedmont based on Carolina Lithium FS, Sayona based on Authier FS. Opex includes mining, processing and G&A and excludes royalties and transport costs. 16#17BANDEIRA PROJECT ISOMETRIC VIEW NE trending moderately SE dipping pegmatite veins extending up to 1,000m along strike and from surface to a vertical depth of -500m APRIL 2024 MINERAL RESOURCE ESTIMATE M&I: 23.68Mt grading 1.34% Li₂O (785kt LCE) Inferred: 18.25Mt grading 1.37% Li₂O (618kt LCE) ITIRA GALVANI AREA 3 CLESIO See press release dated April 12, 2024 BANDEIRA 8150000 AREA 4 +189000 E +189300 E +189600 E +189900 E +190200 E +190500 E +190800 E BORGES 1 AREA 5 +8142600 N BORGES 2 +8142300 N AREA 2 8140000- 8142000 N 8141700 N +8141400 N +189000 E +189300 E +189600 E +189900 E +190200 E +190500 E +8142600 N +8142300 N +8142000 N +8141700 N Plunge +90 Azimuth 000 +8141400 N Looking down 0 100 190800 E 200 300 0 Plunge +21 Azimuth 062 100 200 300 8 | | 17#18BANDEIRA - TYPICAL SECTION & DRILL HIGHLIGHTS Northwest 300m 200m A ITDD-23-188 Y BOUNDARY ITDD-23-073 ITDD-23-83 2.45% Li20/9.11m 100m ITDD-23-088 Section LT 600 NE ITDD-22-024 ITDD-22-050 ITDD-23-135 1.71% L120/5.72m 2.97% Li20/1.53m 1.37% L120/7.03m 1.99% LI20/5.84m 1.99% LI20/6.68m 1.43% L120/1.56m Om 2.07% Li20/3.40m 1.66% L120/8m 100m 1.30% Li20/8.95m 200m 1.39% Li20/7.78m 300m 190,000E 8,142,500N 1.21% L120/12.45m 2.10 % L120/4m 1.61% Li20/11.90m ITDD-22-025 ITDD- DD-22-021 Southeast A' DRILL HIGHLIGHTS (MAY 2022 JANUARY 2024) 1.62% Li₂O / 20m ITDD-23-062 1.29% L120/2.83m 2.22% L120/3.69m CBL'S CACHOEIRA LITHIUM MINE (Producing lithium since 1993) 1.24% Li₂O/18.14m ITDD-23-073 1.32% Li₂O/24m ITDD-23-065 1.94% Li₂O/14.95m ITDD-23-158 0.81% L120/2.71m 2.96% L120/1.57m 2.46% L120/2.0m 1.87% L120/4.19m 190.100 8,142.250N 190,200E ° 100 200m Previously Drilled Holes New Reported Drill Hole Spodumene-rich Pegmatites 190,300E 8,142,000N 829000 SIGMA LITHIUM CORP.'S BARREIRO LITHIUM DEPOSIT (forms part of the largest hard rock lithium deposit in the Americas) km 830000 8142000- 1.42% Li₂O/ 15.83m ITDD-23-078 1.31% Li₂O/24.01m ITDD-23-228 1.72% Li₂O/53.73m ITDD-23-221 1.65% Li20 / 16.23m ITDD-23-218 1.43% Li₂O/17.08m ITDD-23-061 1.73% Li₂O/13.57m ITDD-23-063 SIRGAS 2000 UTM 23S February 2024 Highlighted Drill Results Drilled/Reported Holes LCT Pegmatites Projected to Surface Soil Anomalies Claim Boundary Access Road 831000 to 832000 8141000- | 18#19SALINAS PROJECT LITHIUM • LITHIU SALINAS PROJECT APRIL 2024 MINERAL RESOURCE ESTIMATE M&I: 5.86Mt grading 1.09% Li₂O (159kt LCE) Inferred: 8.90Mt grading 0.97% Li₂O (215kt LCE) OP+UG; 0.5% Li20 cut-off ■ As per GE21: Near-term potential to add 10-15Mt at Salinas with grades ranging from 1.0-1.3% Li20 PEA for Salinas underway by GE21; completion expected in H2 2024 See press release dated April 4, 2024 Lithium Ionic (MGLIT) Mineralized Pegmatites Soil Anomalies Access Road SALINAS PROPERTIES 8210000- 0 810000 km 63.49Mt at 1.31% Li₂O Latin Resources' Colina Lithium Deposit Noé Zoé Sobradinho Oeste. Cubo km 807000 808000 809000 10000 11000 212000 Elev (2) Oeste Sobradinho Cubo +800- +600 +400- 200 +0 215500 +8215000 +810000 +809500 +8214500 +808000 +808500 +809000 SIRGAS 2000 UTM 23S- April 2024 MGLIT Drillhole Neolit Drillhole SRP Pegmatites Potential pegmatite extensions based on identified outcrops Soil Anomalies Claim Boundary Access Road 813000 +810500 Plunge +06 Azimuth 020 S 0 100 200 300 N 8218000- CLASS 8217000- 8215000- 8214000- Measured Indicated Inferred +81100 19#20OUTRO LADO DEPOSIT DRILL HIGHLIGHTS (JULY 2022 - JUNE 2023) JUNE 2023 MINERAL RESOURCE ESTIMATE M&I: 2.97Mt grading 1.46% Li₂O (108kt LCE) Inferred: 0.42Mt grading 1.48% Li₂O (15kt LCE) 1.30% Li₂O/38.5m ARDD-22-014 1.80% Li₂O/7.90m 2.10% Li2O / 19.40m ARDD-23-051 1.71% Li₂O/21.91m ARDD-22-025 1.87% Li₂O/45m ARDD-23-048 ITIRA GALVANI CLESIO AREA 3 BANDEIRA 8150000 AREA 4 BORGES 1 AREA 5 BORGES 2 AREA 2 8140000- 1.94% Li₂O/19.78m ARDD-22-007 1.45% Li₂O / 45.93m ARDD-23-056 1.17% Li₂O/42.05m ARDD-22-002 1.14% Li₂O/12.88m 1.53% Li₂O/ 46.21m ARDD-22-021 824500 ozapou 500 Meters 825000 825500 1.57% Li₂O/24.93m ARDD-22-001 1.98% Li₂O/25.63m ARDD-22-030 SIRGAS 2000 UTM 23S- February 2024 Highlighted Drill Results Drilled/Reported Holes LCT Pegmatites Claim Boundary Access Road 8146500- 8146000- 826000 8145500- ठ 20#21REGIONAL POTENTIAL ITIRA Lithium Ionic (MGLIT) GALVANI I CLESIO Mineralized Pegmatites Soil Anomalies Powerlines Access Road Kilometers 820000 AREA 3 VALE 2 8160000 197400 197600 197800 198000 196200 198400 196500 196800 199000 199200 199400 199500 199800 200000 200200 200400 O VALE 3 BORGES 1 BORGES 2 A 8150000- AREA 4 Soil Li ppm o 0-61 ° 62-148 • 149-223 224-271 272-572 Soil Anomalies Lithium Ionic (MGLIT) 187600 187800 BANDEIRA AREA 5 BORGES 3 AREA 2 830000 840000 8140000- 8130000- Soil Li ppm о 0 16 17-23 24-30 ° 31-39 40-90 o 12 03 03 00 AREA 2 Meters 8138800- 8138600- 8138400- 8138200- 0138000- a137600- 8137200- 8137000- 8136800- 8136600- 8140400- Significant regional soil anomalies have yet to be drilled 188000 188200 188400 188500 188800 189000 ६० 030 33 21 24 25 24 25 25 19 34 3 029 039 021 Soil Anomalies Lithium Ionic (MGLIT) 34 027 0% 90 091 03 وده 029 19 021 49 44 30 96 02 7> 0% 028 025 59 3 31 35 38 36 34 89 60 46 44 06 O>> AREA 3 5 017 025 033 80 03 033 030 055 035 8140200- 026 023 52 31 3 O .19 022 8140000- 026 23 23026 8139800- 8139600- 029 032 028 8139400- Moters 8139200 8 || 21#22LTH PROJECTS GRANTED PRIORITY STATUS MOU SIGNED WITH INVEST MINAS JULY 2023: MOU signed with Invest Minas (State Economic Department of Minas Gerais and the Minas Gerais Integrated Development Institute), mutually supporting the development of the battery materials sector in the region. Lithium Ionic's Itinga and Salinas lithium projects are granted priority status by the state of Minas Gerais regional government bodies, facilitating support and acceleration of approvals and licensing through the development process. Invest Minas to support and prioritize Lithium Ionic from the exploration to operational stages, including environmental licensing and regulatory approvals. Romeu Zema Minas Gerais Governor Fernando Passalio Minas Gerais Secretary of State for Economic Development INVEST × MINAS DESENVOLVIMENTO ECONÓMICO Helio Diniz President Lithium Ionic Corp. MINAS GERAIS GOVERNO DIFERENTE. ESTADO EFICIENTE 22#23RECENT MILESTONES & UPCOMING CATALYSTS Lithium Ionic continues to assess and consolidate prospective lithium properties in the "Lithium Valley" of Brazil LITHIUM IONIC LAND POSITION March 2023 Drilling begins at Bandeira April 2022 Lithium lonic begins trading on the TSXV May 2022 Initial met test work complete Dec. 2022 50,000m drill program to upgrade/expand Acquisition of Neolit Minerals (Salinas Properties) March 2023 resources H2 2023 Bandeira: Application for the Concomitant Environmental and Installation License ("LAC", or Licença Ambiental Concomitante) Nov. 2023 Maiden MRE June 2023 May 2022 1,300ha Published Inaugural Sustainability Report + ESG Scorecard Feb 2024 Bandeira Feasibility Study underway by Atkins Réalis; Completion target May 2024 PEA and updated MRE for Bandeira Bandeira Oct. 2023 Salinas Maiden MRE MRE Update April 2024 April 2024 2022 2023 14,182ha Bandeira LAC approval/Construction permit expected Mid-2024 2024 23#24ESG & SAFETY AT LITHIUM IONIC O ONYEN ESG Reporting Software Implementation in Q2 2023 Our latest Scorecard was completed in Q1 2024. This scorecard ensures accurate reporting to governmental and international sustainability agencies. The scorecard's outcomes serve as a foundational benchmark, allowing systematic evaluation and enhancement of our ESG performance throughout the project. OUR VISION & GUIDING PRINCIPLES We are committed to help decarbonize the fuel and energy industry through the production of high-quality commercial grade lithium IRMA Initiative for Responsible Mining Assurance Committed to transparent and responsible resource management In Q4 2023, we implemented IRMA's Mine Measure self-assessment for the Bandeira Project. This assessment will guide future ESG programming and alignment with IRMA's best-standard practices. The IRMA Ready-Standard draft framework is tailored for exploration and mining companies, offering a self- assessment tool to gauge operational practices against IRMA's Responsible Mining Standards. Environment We want to make a large- scale positive impact on local communities while having minimal impact on the environment. Corporate Policies Audit Committee Charter Anti-Bribery Policy Social 11 Work within and with local communities by initiating our community action plan and ensuring local citizens are involved in Lithium lonic's operations LITHIUM IONIC Governance Ensure equity and inclusion are at the forefront of our corporate and on-site operations. This includes prioritizing transparency and ESG within our corporate structure ESG & Safety at Lithium Ionic: Initiatives and Milestones Inaugural Sustainability Report published Q1 2024 100% Renewable hydroelectricity at admin offices + secured partnership for hydroelectricity at Bandeira site Ongoing work safety dialogue on site Internal Materiality Assessment completed in Q4 2023 Community infrastructure projects and donations Submission of environmental licensing (LAC) in conjunction with the Environmental Control Report and Plan for Bandeira Site Code of Business Conduct & Ethics 8 24#25LITHIUM IONIC OPPORTUNITY K ☑ Emerging high-grade lithium district with known economic deposits ΣΣΣ Three NI 43-101 Resources established to date, with excellent long-term discovery potential PEA shows a simple and economic project: a strong foundation for future growth Infrastructure and regional proof-of-concept greatly reduce CAPEX and OPEX risk Sigma Lithium (SGML ~US$1.6bn mkt cap) provides compelling valuation goal post Accelerated timeline to production ("Lithium Valley Brazil” + “Priority Status" project) 25#26В мо MGLIT THANK YOU LITHIUM IONIC TSX.V: LTH | OTCQX: LTHCF | FSE: H3N Lithium Ionic Corp. 400-36 Lombard St., Toronto, Ontario, Canada, M5C 2X3 CONTACT INVESTOR RELATIONS Caroline Arsenault +1 647.407.7123 [email protected] FOLLOW X in @Lithiumlonic#27BANDEIRA Hole ITDD-23-065 1.32% Li₂O over 24m, incl. 2.12% Li₂O over 8m from 354.2m to 378.2m 8 27 See press release dated March 29, 2023, for further detail.#28MINERAL RESOURCE ESTIMATES BANDEIRA MRE (JANUARY 2024) Category Measured Indicated Measured + Indicated OUTRO LADO MRE (JUNE 2023) Resource (Million tonnes) Grade (% Li20) Contained LCE (kt) Deposit / Cut-Off Grade Category Resource (tonnes) Grade Contained (% Li20) LCE (t) 3.32 1.38 113 20.36 1.33 667 23.68 1.34 783 Outro Lado (Galvani) Underground Measured Indicated 2,577,915 1.47 93,691 393,370 1.43 13,908 18.25 1.37 618 (0.8% Li20) Measured + Indicated Inferred 2,971,285 1.46 415,767 1.48 107,599 15,168 1. 2. Inferred 3. The spodumene pegmatite domains were modeled using composites with Li20 grades greater than 0.3% The mineral resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to the deposit. Mineral Resources are not ore reserves and are not demonstrably economically recoverable. 4. Grades reported using dry density. 5. The effective date of the MRE is January 10, 2024. 6. The QP responsible for the MRE is the geologist Carlos Silva (MAIG #7868). 7. The MRE numbers provided have been rounded to the estimate relative precision. Values cannot be added due to rounding. 8. The MRE is delimited by Lithium Ionic Bandeira Target Claims (ANM). 9. The MRE was estimated using ordinary kriging in 12m x 12m x 4m blocks. 10. The MRE report table was produced in Leapfrog Geo software. 11. The reported MRE only contains fresh rock domains. 12. The MRE was restricted by RPEEE with grade shell using 0.5% Li20 cut-off. For further detail, see press releases dated October 19, 2023 and April 12, 2024. 1. 2. The results from the pit optimization are used solely for the purpose of testing the "reasonable prospects for economic extraction" by an open pit and do not represent an attempt to estimate mineral reserves. There are no mineral reserves on the Project. The results are used as a guide to assist in the preparation of a Mineral Resource statement and to select an appropriate resource reporting cut-off grade. Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resources has a lower level of confidence than that applying to a Measured and Indicated Resources and must not be converted to Mineral Reserves. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. 3. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. 4. The effective date of the MRE is June 24, 2023. ம் 5. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding. 8 28#29MINERAL RESOURCE ESTIMATES SALINAS MRE (JANUARY 2024) Deposit / Resource Grade Contained 1. Category Cut-Off Grade (tonnes) (% Li20) LCE (t) Measured 940,000 1.22 28,360 2. Salinas Open-Pit* (0.5% cut-off) Indicated 3,140,000 1.11 86,194 Measured + Indicated 4,080,000 1.14 114,554 Inferred 5,540,000 0.99 135,634 3. The spodumene pegmatite domains were modeled using composites with Li20 grades greater than 0.3% The mineral resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to the deposit. Mineral Resources are not ore reserves and are not demonstrably economically recoverable. Measured 170,000 0.93 3,910 Salinas Underground 4. Grades reported using dry density. Indicated 1,610,000 1.01 40,213 Measured + Indicated 1,780,000 1.00 44,123 5. The effective date of the MRE is January 4, 2024. (0.5% cut-off) Inferred 3,360,000 0.95 78,938 6. The QP responsible for the MRE is geologist Leonardo Soares (MAIG #5180). Measured Indicated 1,110,000 1.18 32,270 7. 4,750,000 1.08 126,407 The MRE numbers provided have been rounded to the estimate relative precision. Values cannot be added due to rounding. TOTAL Measured + Indicated 5,860,000 1.09 158,678 8. The MRE is delimited by Lithium Ionic Baixa Grande Target Claims (ANM). Inferred 8,900,000 0.97 214,572 9. The MRE was estimated using ordinary kriging in 16m x 16m x 4m blocks. For further detail, see press release dated April 4, 2024 10. The MRE report table was produced in Leapfrog Geo software. 11. The reported MRE only contains fresh rock domains. 12. The MRE was restricted by a pit shell using a selling price of 2750 US$/t Conc., Mining cost of 2.50 US$/ton mined, processing cost of 12.50 US$/ ton ROM and a selling cost of 112.56 US$/t conc. 8 29#30WHY LITHIUM? 3 Li Lithium 6.94 The lightest metal and a key component in rechargeable batteries. Lithium is crucial to the energy storage sector and to the global energy transition. Growing Supply-Demand Gap 6,000,000 EV VOLUMES EVs Fueling Lithium Demand GLOBAL BEV & PHEV SALES ('000s) Battery Electric Vehicles Plug-In Hybrids 13,0% -EV Market Share 4,500,000 10522 We are 8,3% here 3,000,000 6768 4,2%- 1,500,000 2,5% 2,2% 3244 73% (t LCE) 1,3% 0,2% 0,4% 0,9% 0,6% 2276 2082 71% 1262 791 543 206 320 70% 75% 75% 67% 2014 2017 2018 2019 2020 2021 2022 +43% +109% +55% 2013 2015 2016 Growth +55% +70% +46% +59% +65% +9% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Total Demand Secondary supply Possible additonal tonnes Sources: Benchmark Minerals Intelligence; https://www.ev-volumes.com/ https://insights.fastmarkets.com/why-there-is-still-time-to-avoid-a-lithium-supply-crunch-final/ https://www.kitco.com/news/2021-11-26/Global-lithium-demand-to-more-than-double-between-2020-and-2023-while-supply-may-fall-short-report.html https://www.gminsights.com/industry-analysis/lithium-ion-battery-market#:~:text-Industry%20Statistics, (Li%2Dion)%20batteries Unplanned New Supply 2040 Probable additonal tonnes Highly Probable additonal tonnes Operational supply Li-Ion Global Market Size The global market size of Li-Ion batteries crossed USD $52.5 billion in 2022... 2022: $52.5Bn ...and is expected to record over 16.5% gains annually through 2032... >16.5% CAGR ...for a global market size of USD $254.5 billion by 2032. 2032: $254.5Bn 8 30#31SPODUMENE ("HARD-ROCK") VS. BRINE LITHIUM IONIC ◉ ☐ Lithium supply originates in two main forms: "brines" or "hard rock" Both occur naturally in the earth, but use different extraction methods Lithium Ionic's lithium deposits are hosted in hard rock spodumene SOURCE Salt Pan Mine RAW MATERIAL Brine Spodumene Li PRODUCT Lithium Carbonate (Li2CO3) Lithium carbonate can be converted to Lithium Hydroxide at an added cost. Lithium Hydroxide (LiOH) Preferred battery-grade material. Lithium hydroxide battery cathodes have better storage capacity and longer life cycles. CATHODE MATERIAL LCO LMO NCM 111 NCM 622 LFP NCM 811 NCA Industry Preference: NCM 811 and 622 have higher energy densities, longer lifespans and provide better EV driving range 8 || 31#32INCREASING LITHIUM DEMAND The transition to green energy has made • • lithium one of the most sought-after metals. The price of lithium carbonate (LCE), the raw material used in lithium-ion batteries, soared in 2022 from a 5-year avg. of -$14,000/t to +$80,000/t. According to Benchmark Minerals Intelligence, demand for LCE is set to increase to 2.4Mt in 2030, compared with around 600,000t in 2022. As of Jan. 4, 2024: Lithium Carbonate: US$13,537/t Spodumene Concentrate: US$1,060/t Surging Industry Demand Major advancements in lithium-ion battery technology in the last 10 years have made them cheaper and more effective. Electric Vehicles EV sales to experience a compound annual growth rate of 40% per year through 20252 Renewable Energy Renewables are expected to witness an estimated CAGR of 13.8% from 2020 to 2027 owing to the advancements in solar PV and wind energy systems3 Industrial Equipment The global Lithium Battery Manufacturing Equipment market is valued at $5Bn in 2020 is expected to reach $12Bn by the end of 2026, growing at a CAGR of 14.0% during 2021-20265 Consumer Electronics Revenue is expected to show an annual growth rate from 2021-2025 of 6.80%, resulting in a market volume of US$974Bn by 20254 https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lithium-prices-soar-to-new-heights-thanks-to-ev-sales-66616417 https://insights.fastmarkets.com/why-there-is-still-time-to-avoid-a-lithium-supply-crunch-final/ 12345 1) 2) 3) https://www.grandviewresearch.com/press-release/global-lithium-ion-battery-market 4) 5) https://www.360marketupdates.com/global-lithium-battery-manufacturing-equipment-market-14858032 https://www.statista.com/outlook/dmo/ecommerce/electronics/consumer-electronics/worldwide?currency=usd 32#33LITHIUM SUPPLY CHAIN Upstream Midstream Downstream Raw materials Materials processing Cell component production Cell manufacturing Assembly End users Porous separator Electrolyte Anode (-) Electrolyte Nickel ore Battery management system Sulfate Cobalt ore Lithium ore Carbonate -Lithium-carbon (graphite) Cathode (+) Lithium ion Lithium metal oxide Cathodes Electrolytes → Anodes Manganese Hydroxide Battery cell Separators Graphite Source: L.E.K. research and analysis י [1] Battery module and pack Energy storage Electric vehicles Battery recycling 8 33